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Securities Fraud

U.S. Securities and Exchange Commission headquarters in Washington, D.C. (Jesse Hamilton/CoinDesk)
Policy
Regulations
SEC Pursues $45M Scam Based in Fake Blockchain Technology
The U.S. securities agency is going after the people behind what it says was a massive fraud stealing from tens of thousands of investors.
U.S. Securities and Exchange Commission headquarters in Washington, D.C. (Jesse Hamilton/CoinDesk)
By Jesse Hamilton
Jan 4, 2023 at 11:18 p.m. UTC
Jan 4, 2023
RegulationsSECSecurities FraudEnforcementScamsBlockchain
Slotie stands accused of funneling proceeds from the NFT sales into online and metaverse casinos. (Pixabay)
Finance
Nfts
State Securities Regulators Move to Shut Down NFT Scam Tied to Metaverse Casino
The action comes as states are increasingly joining forces to tackle crypto crimes.
Slotie stands accused of funneling proceeds from the NFT sales into online and metaverse casinos. (Pixabay)
By Elizabeth Napolitano
Oct 20, 2022 at 5:39 p.m. UTC
Oct 20, 2022
NFTsRegulatorsSecurities FraudUSMetaverse
SEC headquarters (AaronP/Bauer-Griffin/GC Images)
Policy
Sec
SEC Sues 'Chicago Crypto Capital,' Employees for Illegally Selling BXY Tokens
Chicago Crypto Capital, its owner and two salesmen are being prosecuted for their illegal sale of BXY tokens to investors from August 2018 to September 2019.
SEC headquarters (AaronP/Bauer-Griffin/GC Images)
By Cam Thompson
Sep 14, 2022 at 9:34 p.m. UTC
Sep 14, 2022
SECSecurities Fraud
Sometimes even the best-laid plans backfire. (Warner Bros.)
Consensus Magazine
Fraud
BitBoy Lost His Lawsuit the Instant He Filed It
The YouTube cryptocurrency promoter is only drawing more attention to the pump and dump-filled oeuvre he'd rather suppress.
Sometimes even the best-laid plans backfire. (Warner Bros.)
By David Z. Morris
Aug 24, 2022 at 4:55 p.m. UTC
Aug 24, 2022
FraudSecurities FraudSecurities LawYouTubeThe NodeNewslettersOpinion
Most experts agree that trading "meme coins" is effectively a form of gambling. The implications go well beyond individual losses. (Nikola Stojadinovic/Getty Images)
Consensus Magazine
Memes
Meme Coins, Gambling and Crypto Regulation
As the Biden administration develops a crypto regulation framework, one type of token could be due for particularly close scrutiny.
Most experts agree that trading "meme coins" is effectively a form of gambling. The implications go well beyond individual losses. (Nikola Stojadinovic/Getty Images)
By David Z. Morris
Apr 8, 2022 at 5:29 p.m. UTC
Apr 8, 2022
MemesDogecoinSHIBJanet YellenRegulationSecurities FraudSecurities LawThe NodeOpinionNewsletters
SEC, Securities and Exchange Commission
Markets
Securities fraud
SEC Files Fraud Charges Against Florida Man in Crypto App Scam
Aron Govil of Jacksonville is also being charged with scalping and insider trading in a related case.
SEC, Securities and Exchange Commission
By Cheyenne Ligon
Jul 19, 2021 at 7:00 p.m. UTC
Jul 19, 2021
Securities FraudSecurities and Exchange CommissionCrypto Fraud
justice, law, crime
Policy
Crime
Crypto Hedge Fund Founder Pleads Guilty to $90M Fraud
Virgil Capital founder Stefan Qin lied to investors and siphoned off millions to fund a lavish lifestyle.
justice, law, crime
By Sebastian Sinclair
Feb 5, 2021 at 9:07 a.m. UTC
Feb 5, 2021
Crimehedge fundsSecurities FraudDOJ
florida, state
Markets
Sec
SEC Alleges Big-Talking Florida Crypto Investor Defrauded Clients of $6.8M
Thomas J. Gity allegedly told his 18 investor's he'd never ended a trading day in the red.
florida, state
By Danny Nelson
Sep 30, 2020 at 7:22 p.m. UTC
Sep 30, 2020
SECSecurities FraudCoinFlash
SEC image via Shutterstock
Markets
Sec
SEC Charges ICO Operator Who Used Alias After Past Conviction
The SEC has charged Blockchain Terminal founder Boaz Manor with securities fraud for a $30 million ICO conducted in 2017 and 2018.
SEC image via Shutterstock
By Nikhilesh De
Jan 17, 2020 at 4:04 p.m. UTC
Jan 17, 2020
SECSecurities FraudBoaz ManorEdith Pardo
Jer123 / Shutterstock
Markets
Sec
SEC Warns Crypto Investors of Initial Exchange Offerings in New Note
The SEC warned investors that initial exchange offerings, while claiming to be different from initial coin offerings, may still violate federal securities law.
Jer123 / Shutterstock
By Nikhilesh De
Jan 14, 2020 at 5:07 p.m. UTC
Jan 14, 2020
SECSecurities FraudICOsIEOs